San Jose California Restricted Stock Plan of RPM, Inc.

• Category: Corporations - Public - Stock Options
• State: Multi-State
• City: San Jose
• Control #: US-CC-18-200A
• Format: Word; Rich Text

Description

18-200A 18-200A . . . Restricted Stock Plan under which (a) Compensation Committee determines those employees of corporation and subsidiaries who are eligible to receive awards of Restricted Shares, (b) Restricted Shares are forfeitable and nontransferable for specified period of time, (c) transfer restrictions remain in place until earliest of (i) later of either employee's termination of employment or lapse of forfeiture restrictions, (ii) change in control with respect to corporation, or (iii) termination of Plan. Restricted Shares are subject to compete forfeiture until earliest to occur of (i) later of either employee's attainment of age 55 or fifth anniversary of May 31st immediately preceding date on which Restricted Shares were awarded, (ii) retirement of employee on or after attainment of age 65, or (iii) change in control with respect to corporation San Jose, California Restricted Stock Plan is an employee benefit offered by RPM, Inc., a renowned company based in San Jose, California. As an essential aspect of RPM's compensation strategy, the Restricted Stock Plan allows eligible employees to receive company shares, subject to specific restrictions and conditions. The San Jose California Restricted Stock Plan of RPM, Inc. includes various types based on tenure and level of responsibility within the company. Let's explore some of these types: 1. Entry-Level Restricted Stock Plan: Designed for new employees, this plan aims to attract and retain top talent. Eligible employees receive a predetermined number of restricted stock units (RSS) that vest over a specific period, incentivizing long-term commitment and engagement. 2. Mid-Level Restricted Stock Plan: Targeting mid-level employees who have proven their dedication and reliability, this plan offers a higher number of RSS, encouraging continued performance and loyalty. The vesting schedule for this RSS may be shorter, motivating employees to progress within the organization. 3. Executive Restricted Stock Plan: Geared towards high-level executives and key personnel, this plan includes significant grants of RSS. Executives typically receive a larger number of RSS, further aligning their interests with the company's long-term growth and financial success. The vesting period for this RSS can be longer, providing an additional retention incentive. RPM, Inc. ensures that the San Jose California Restricted Stock Plan aligns with regulatory guidelines and industry best practices. The plan includes provisions that prevent employees from transferring or selling their restricted stock units until they satisfy the required vesting period. Vesting may occur gradually over time or be contingent upon achieving specific performance milestones, ensuring employees continue to contribute to the company's objectives. Once RSS have vested, employees gain ownership rights and can either sell them to realize the investment or hold onto them, becoming shareholders of RPM, Inc. Holding onto the shares enables employees to benefit from potential capital appreciation and dividends, fostering a sense of ownership and alignment with the company's financial performance. Overall, RPM, Inc.'s San Jose California Restricted Stock Plan plays a crucial role in attracting and retaining talented individuals while aligning their interests with the long-term success of the organization. By offering various types of plans tailored to different employee levels, RPM, Inc. ensures that its workforce remains motivated and invested in achieving mutual growth and prosperity.

San Jose, California Restricted Stock Plan is an employee benefit offered by RPM, Inc., a renowned company based in San Jose, California. As an essential aspect of RPM's compensation strategy, the Restricted Stock Plan allows eligible employees to receive company shares, subject to specific restrictions and conditions. The San Jose California Restricted Stock Plan of RPM, Inc. includes various types based on tenure and level of responsibility within the company. Let's explore some of these types: 1. Entry-Level Restricted Stock Plan: Designed for new employees, this plan aims to attract and retain top talent. Eligible employees receive a predetermined number of restricted stock units (RSS) that vest over a specific period, incentivizing long-term commitment and engagement. 2. Mid-Level Restricted Stock Plan: Targeting mid-level employees who have proven their dedication and reliability, this plan offers a higher number of RSS, encouraging continued performance and loyalty. The vesting schedule for this RSS may be shorter, motivating employees to progress within the organization. 3. Executive Restricted Stock Plan: Geared towards high-level executives and key personnel, this plan includes significant grants of RSS. Executives typically receive a larger number of RSS, further aligning their interests with the company's long-term growth and financial success. The vesting period for this RSS can be longer, providing an additional retention incentive. RPM, Inc. ensures that the San Jose California Restricted Stock Plan aligns with regulatory guidelines and industry best practices. The plan includes provisions that prevent employees from transferring or selling their restricted stock units until they satisfy the required vesting period. Vesting may occur gradually over time or be contingent upon achieving specific performance milestones, ensuring employees continue to contribute to the company's objectives. Once RSS have vested, employees gain ownership rights and can either sell them to realize the investment or hold onto them, becoming shareholders of RPM, Inc. Holding onto the shares enables employees to benefit from potential capital appreciation and dividends, fostering a sense of ownership and alignment with the company's financial performance. Overall, RPM, Inc.'s San Jose California Restricted Stock Plan plays a crucial role in attracting and retaining talented individuals while aligning their interests with the long-term success of the organization. By offering various types of plans tailored to different employee levels, RPM, Inc. ensures that its workforce remains motivated and invested in achieving mutual growth and prosperity.